ETH Whale Accumulation Drives Price Up

Summarized from 8 articles.

Market Overview

• Current price of ETH is $3616, up 7.4% from the low in early August

• In the past 20 days, whales have accumulated 790,000 ETH (approximately $2.89 billion)

• Price is in a key fluctuation range of $3500-$3800, forming a 'cup and handle' pattern

Institutional Entry

・Galaxy Digital has slightly acquired 63,000 ETH

• Anonymous whale withdrew 45,000 ETH from trading platforms

• Addresses holding more than 10,000 ETH have increased by over 200 in the last 30 days

• On-chain ETH ETF holdings have increased by 40%, showing accelerated placement of compliant funds

Trading Key Points

• Support level: $3500; Resistance level: $3800 (target of $4100 after breaking)

• Risk warning: Approximately 70,000 ETH short positions, liquidation price at $3686

• Strategy recommendation: Increase positions after breaking $3800, reduce positions if it falls below $3500

• Key time points to watch: Mid-August ETF holdings changes and September Ethereum upgrade progress $BTC $ETH #加密市场回调 #美国加征关税